Top 8 payment gateway providers & services in Malaysia (2026)

Key takeaways:

• The top payment gateways in Malaysia include Airwallex, Stripe, Fiuu and Adaptis, each with different strengths in fees, payment methods and integration.

• Domestic card processing fees start at 1.9% + RM0.50 per transaction, while local payment methods like FPX and e-wallets begin at 1.4% + RM0.50.

• Airwallex supports 160+ local payment methods and offers like-for-like settlement in 20+ currencies, so you can reduce FX costs and improve checkout conversion.

If you're running an online business in Malaysia, your payment gateway will shape the checkout experience and influence your sales. Shoppers in Malaysia expect variety. Cards are common, but customers also use mobile wallets, online banking or QR code payments when buying online.

When customers' preferred methods aren't available, they often abandon the purchase. So, the wrong payment set-up has a direct impact on your revenue.

In this guide, we'll walk you through how payment gateways work in Malaysia and what to look for when comparing providers. You'll get a side-by-side breakdown of eight major platforms and learn how to pick the one that best fits your business. We'll also show how Airwallex can help you offer more ways to pay, reduce your costs and improve your payment success rates.

The top 8 payment gateway providers in Malaysia in 2026

The top payment gateway providers in Malaysia include Airwallex, Stripe, Fiuu, Adaptis, Adyen, HitPay, PayPal and SenangPay. Here's a quick breakdown of each provider:

• Airwallex: Airwallex is a global financial platform with customisable low- and no-code payment gateway solutions that let you accept payments quickly across channels. Beyond payments, you get foreign exchange, multi-currency accounts and Corporate Cards to streamline your global finance work.

• Adaptis: Adaptis is NTT DATA Payment Services' e‐commerce payment suite, combining what was previously offered under the iPay88 and eGHL brands. The platform gives you online payment tools with strong support for local payment methods and merchant support.

• Adyen: Adyen is a global payments platform known for bringing together online and in-person payments. It simplifies reconciliation and offers strong risk management and broad payment method coverage.

• Fiuu: Fiuu is a Malaysia-based payment gateway that lets you receive local and cross-border payments across South East Asia. You can use popular regional payment methods across South East Asia.

• HitPay: HitPay is a full-stack payment gateway designed for small businesses in APAC, with local payment methods and easy-to-use tools. The platform comes with checkout, invoicing and no-code integrations.

• PayPal: PayPal is a global payment provider known for secure transactions and a familiar checkout experience. You get international reach and a range of tools for online commerce and customer trust.

• SenangPay: SenangPay is a Malaysia-based gateway with local payment options and cross-border features for small businesses across Malaysia and Indonesia. The platform focuses on simplicity with quick set-up, local language support and accessible pricing.

• Stripe: Stripe is a developer-friendly payments platform with a wide range of customisable tools for online businesses. The APIs, billing features and fraud prevention products work for fast-growing companies looking to improve conversion and scale globally.

Before we dive in, here are two overview tables you can use to compare each payment gateway. 

The first table outlines the core features offered by each provider, so you can quickly see how they stack up:

Payment gateway feature comparison

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

The second table breaks down pricing, including local payment method fees, domestic card and international card fees, and any additional costs you may need to factor in when evaluating each provider:

Payment gateway fee comparison

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

6 features to look for in a payment gateway service provider

Before selecting a provider, look at these six features to make sure you choose one that fits your needs:

1. Payment method coverage

Make sure the provider supports local options your customers expect, such as e-wallets, bank transfers, QR codes and buy now, pay later (BNPL).

2. Developer tools and integrations

Choose a gateway with robust APIs and plug-ins for platforms like Shopify or WooCommerce, so your team can get up and running quickly.

3. Security and fraud prevention

Pick a PCI DSS-compliant provider with built-in fraud detection and dispute management tools that keep your transactions secure.

4. Settlement and payout flexibility

Look for features like like-for-like settlement and multi-currency wallets that help you avoid forced conversions and give you better cash flow control.

5. Value-added services

Some providers offer extras like card issuing, FX management and expense tracking – so you don't need separate tools.

6. Scalability

Your payment platform should grow with your business, handling higher transaction volumes and new sales channels without disruption.

The best payment gateway providers in Malaysia: Key features and fees

Choosing the right payment gateway directly affects your checkout conversion, payment costs and ability to serve more customers. Below, we compare eight leading providers in Malaysia and break down what they offer.

1. Airwallex

Airwallex is a modern fintech platform built for businesses selling domestically and internationally. It combines payment acceptance with multi-currency accounts and FX management in a single system, so you can easily scale your business without adding operational complexity.

Key features include:

• Like-for-like settlement in 20+ currencies: Collect and settle in the same currency to avoid forced conversions

• Global payment methods: Support for 160+ local payment options including cards, digital wallets and bank transfers

• Comprehensive financial tools: Manage FX, reconciliation and financial operations from one platform

• Integration options: Plugins for Shopify, WooCommerce and Magento

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

2. Adaptis (iPay88 and eGHL)

Adaptis works well if you sell in Malaysia, Thailand or other countries in South East Asia. The platform lets you manage both online and offline sales, plus business financing for SMEs and payment tools for enterprises. Since their pricing isn't published online, you'll need to contact their sales team to get a quote.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

3. Adyen

In Malaysia, Adyen supports in-store, online and mobile payments through a single platform that brings together transactions across multiple sales channels. It uses an Interchange++ pricing model, where your total fee is made up of the underlying card network/issuer costs plus a small Adyen fee. This gives good transaction‐level transparency, but it also means your rate is harder to forecast, as it changes depending on the card and country.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

4. Fiuu

Fiuu is a Malaysia‐based payment gateway with support for both local and cross‐border payments across South East Asia. You can accept cash via the over the counter (OTC) network, use virtual terminal tools and split payments between multiple parties – features that work well if you're in non‐traditional or underserved segments. 

Since Fiuu doesn't publicly disclose its FX conversion margins or full settlement currency rules, you should reach out directly for a tailored quote and confirm all costs.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

5. HitPay

Singapore-based HitPay gives you online payment processing, POS solutions and local payment methods across Malaysia. The platform comes with tools for small businesses, including invoicing and an online store builder. However, keep in mind that international transactions come with an additional 2% fee on top of the base rate.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

6. PayPal

PayPal is a payment gateway that has operated globally for more than 20 years. People use it as a digital wallet, while eCommerce brands rely on it to process online payments from credit cards, debit cards and bank transfers. 

With the standard set-up, PayPal Checkout often redirects customers to a PayPal‐hosted page, which can add an extra step to the checkout flow, unless you use one of the more deeply integrated on‐site options.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

7. SenangPay

SenangPay is a Malaysia-based payment gateway provider offering local payment acceptance and straightforward integrations. Following its acquisition by Indonesia’s DOKU in 2022, it can be a practical option for businesses operating in both markets that want regional coverage under one group.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

8. Stripe

Stripe accepts payments in more than 135 currencies worldwide. It reduces costs by letting you settle in multiple currencies and avoid unnecessary FX conversions, and gives you automatic reconciliation of payments and payouts.

Stripe settles in your default local currency (for Malaysian accounts, typically MYR) and can settle in additional currencies if you configure extra bank accounts. When currency conversion is required, a 2% FX fee applies on top of the base rate.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

How does a payment gateway work?

Payment gateways handle the behind-the-scenes steps that move money from your customer's account to yours. They work in real time, so you can accept payments securely and keep transactions flowing smoothly.

Here's what happens after a customer clicks "Pay now":

Step 1: Customer submits payment

They enter their card details or choose a local method like FPX, DuitNow, or an e-wallet, and the gateway collects and encrypts this information.

Step 2: Gateway requests authorisation

It sends the encrypted data to the payment processor, who contacts the customer's bank to check for available funds.

Step 3: Payment is approved or declined

The bank responds instantly, and if approved, the transaction goes through and your customer sees a confirmation.

Step 4: Funds are settled

The money moves from your customer's bank to your account minus any transaction fees. Timing depends on the provider and your payout settings.

With Airwallex, this entire process happens securely in the background with built-in fraud detection, chargeback protection and local acquiring connections that improve payment success rates. You get full visibility into every transaction from your dashboard, so you can manage payments with confidence.

Choose Airwallex as your payment gateway

Airwallex combines payment gateway, processor and acquirer capabilities in one platform, giving you faster settlements and better control over approvals. You can offer 160+ local payment methods including DuitNow and GrabPay, which improves trust and conversion rates. This unified approach eliminates multiple points of failure at checkout.

With Airwallex, you can accept Malaysian ringgit at checkout, settle in MYR, and reduce unnecessary conversion fees. Your customers see familiar payment options like DuitNow and GrabPay, which builds trust. As a bonus, Airwallex integrates with popular platforms like Shopify, WooCommerce and Magento, making it easy for you to get started.

Applecrumby, a Malaysian brand expanding globally, reduced its payment gateway fees by 0.5% with Airwallex, freeing up capital to fuel international growth. Read the case study.

Beyond payments, you can also manage your business finances with Airwallex. You can open Global Accounts to receive and hold funds in 20+ currencies, pay international suppliers directly from your wallet, and track everything from orders to reconciliation in one place. It's all part of our all-in-one platform, built for fast-growing businesses in Malaysia.

Frequently asked questions (FAQs)

How long does it take to set up a payment gateway?

Set-up time ranges from a few hours for out-of-the-box implementations to a couple of weeks for custom integrations with complex routing and multi-currency set-ups. With an easy-to-use platform like Airwallex, once you get your account approved, you can start accepting payments in just a few hours.

Can I integrate a payment gateway with my existing website or eCommerce platform?

Yes, Airwallex integrates with platforms like Shopify and WooCommerce, so you can accept payments directly through your online store with all transactions managed from one dashboard.

What currencies and payment methods are supported by payment gateways?

Most payment gateway providers in Malaysia support a wide range of payment methods, including major credit cards (Visa, Mastercard), e-wallets (Touch 'n Go, Apple Pay and Google Pay), and local bank transfers through FPX. Airwallex supports 160+ local payment methods, including cards, e-wallets and FPX. You can accept payments in 130+ currencies and settle like-for-like in 20+ currencies.

Do payment gateways offer fraud protection and chargeback management?

Yes, Airwallex includes real-time fraud protection powered by machine learning, plus tools like 3D Secure, network tokenisation and transaction monitoring that reduce fraud and minimise chargebacks.

How safe are payment gateway services?

Payment gateways take security seriously. Airwallex is PCI DSS compliant and uses strong security that keeps your payments and data safe. The platform includes real-time fraud monitoring, tokenisation and secure data encryption across all transactions.

Is PayPal a payment gateway?

Yes, PayPal functions as both a payment gateway and a merchant account provider. This means it can process payments on your website and also provides the account to hold the funds from those transactions.

Can I use multiple payment gateways for my business?

Yes, many businesses use multiple payment gateways. This strategy, known as multi-gateway routing, can increase payment success rates, provide regional payment method coverage, and offer a back-up if one provider experiences downtime. However, this also adds complexity to your reconciliation process.

Sources:

1. https://www.nttdatapay.com/en/our-business/adaptis

2. https://www.adyen.com/

3. https://fiuu.com/

4. https://hitpayapp.com/sg/cross-border-payments, https://hitpayapp.com/blog/hong-kong-payment-gateway-why-hitpay-is-the-ultimate-choice-for-smbs

5. https://www.paypal.com/us/webapps/mpp/country-worldwide

6. https://senangpay.com/

7. https://stripe.com/en-sg

8. https://www.airwallex.com/my/terms/fee-schedule

9. https://www.adyen.com/pricing

10. https://hitpayapp.com/my/pricing, https://hitpayapp.com/blog/best-mobile-card-reader-for-malaysian-small-businesses-in-2025-hitpay-wisepad-3-vs-ipay88-plug-n-pay-vs-cimb-plug-n-pay

11. https://wise.com/us/paypal-fee-calculator/

12. https://senangpay.com/pricing/

13. https://stripe.com/en-my/pricing, https://stripe.com/en-my/pricing/local-payment-methods

14. https://guide.senangpay.com/receiving-overseas-transactions

This publication does not constitute legal, tax, or professional advice from Airwallex nor substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [[email protected]]. Airwallex (Malaysia) Sdn Bhd is licensed in Malaysia as a MSB Class B (remittance business only) licensee and is regulated by Bank Negara Malaysia (licence number 00318).